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Foreign Corrupt Practices Act & Anti-Corruption
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MTS Systems Announces Closure of FCPA Investigations
On August 7, MTS Systems announced in its Form 10-Q the closure of DOJ and SEC FCPA investigations related to gift, travel, entertainment, and other expenses incurred in connection with its Asia-Pacific operations. Minnesota-based MTS Systems initially informed the DOJ and SEC about this matter in 2012 and thereafter provided the government periodic updates. According to MTS Systems’ 10-Q, the government’s investigations were closed “without further action taken by either [the SEC or DOJ].”
Upcoming Events
- Warren W. Traiger to join Woodstock Institute for a discussion on “What’s next for the Community Reinvestment Act? Should race be included?”
- Steve vonBerg to discuss “Too QM or not-2-QM” on LinkedIn with host Ralph Armenta of Computershare Loan Services
- Sherry-Maria Safchuk to discuss “Hot topics in compliance” at 2022 California MBA Legal Issues and Regulatory Compliance conference
- Melissa Klimkiewicz to discuss “New FHA regulations on private flood insurance acceptance” at a CoreLogic Flood Services webinar